Johor property old hand KSL readies family handover amid market boom

Inside Asia’s family empires: How they are transforming to seize the next stage of growth

[KUALA LUMPUR] As Johor’s property market stirs on the back of renewed investor interest, homebuyers’ demand and the Singapore spillover story, one of the state’s best-known family-run developers has been preparing for a generational handover.

The shift follows four decades of building the business from a small office in a district in northern Johor famed for its durians, to a Bursa Malaysia-listed group with a market capitalisation of nearly RM3.5 billion (S$1.1 billion), spanning townships, malls and hotels.